Corporate announcements

Suryalakshmi Cotton Mills Ltd. has informed the Exchange that at the meeting held on October 30, 2004 the Board of Directors approved the demerger of the Mahabubnagar Spinning Unit along with the Dyeing Plant into a separate Company viz. Rajvir Industries Limited. The appointed date for the demerger process is September 1, 2004. In consideration of the demerger, the shareholders of Suryalakshmi will receive 1(one) fully paid share of Rs. 10/- each in Rajvir Industries Limited for every 3 (three) shares of Rs. 10/- each held by them in Suryalakshmi as on the record date to be fixed in consultat

Jindal Photo Limited has informed the Exchange that the Hon'ble High Court of Uttaranchal at Nainital has sanctioned the Scheme of Arrangement for the demerger of the photographic business of the Company, filed under Sections 391 to 394 of the Companies Act, 1956, into Consolidated Photo Products Limited. The Judgment sanctioning the Scheme was pronounced in the Court on October 28, 2004 and a copy of the Order followed by the formal order is expected to be received in a few days time. On receipt of the formal order, the process of implementation of the Scheme will commence and the Company wil

Tata Motors Limited has informed the Exchange that the BOD have approved, subject to such other approvals as may be required, the Scheme of Arrangement involving the demerger of the Spare Parts business of Concorde Motors Limited - its 100% subsidiary with the Company w.e.f. November 01, 2004, the Appointed date. No payment of consideration or issue of shares by the Company is contemplated under the said scheme.

Sundaram Finance Ltd. has informed the Exchange that the BOD's at their meeting held on October 27, 2004, have considered and approved the Scheme of Amalgamation of M/s Lakshmi General Finance Ltd. with the Company. The Board has also approved the Share Exchange Ratio of 1 equity share of Rs,10/- each of the Company for every 1.52 equity shares of Rs.10/- each of M/s Lakshmi General Finance Ltd. The Scheme is subject to all necessary approvals.

Kochi Refineries Limited has informed the Exchange that at its meeting held on October 26, 2004 the BOD have accorded in-principle approval for merger of Kochi Refineries Limited with Bharat Petroleum Corporation Limited.

Pharmacia Healthcare Limited (PHL) has informed the Exchange that the shareholders of the company have approved the amalgamation of PHL with Pfizer Ltd. The results of the poll taken at the Court convened meeting of shareholders on October 25, 2004 is as follows: 1) Total No. of Members voting in person/proxy: 236; 2) Total no. of votes a) No. of shares: 41,74,991; b) Aggregate Value (Rs.) :2,08,74,955; 3) Total No. of Members/Proxy in favour of the Resolution : 205; 4) Total no. of votes in favour of the resolution a) No. of Shares : 4153002; b) Aggregate Value (Rs.): 2,07,65,010; 5) Total Pe

Pfizer Ltd. has informed the Exchange that the shareholders of the company have approved the amalgamation of PHL with Pfizer Ltd. The results of the poll taken at the Court convened meeting of shareholders on October 25, 2004 is as follows: 1) Total No. of Members voting in person/proxy*: 634; 2) Total no. of votes a) No. of shares: 14352457; b) Aggregate Value (Rs.) :143524570; 3) Total No. of Members/Proxy in favour of the Resolution : 570; 4) Total no. of votes in favour of the resolution a) No. of Shares : 14350238; b) Aggregate Value (Rs.): 143502380; 5) Total Percentage/Value (Rs.) of vo

Tube Investments Of India Ltd has informed the Exchange that at the meeting of the equity shareholders of the Company held on October 21, 2004 pursuant to the Order of the High Court of Judicature at Madras approved the Scheme of Arrangement between TIDC India Limited and Tube Investments of India Limited.

Four Soft Limited has informed the Exchange that the Company has acquired the 100% shares of CargoMate a Netherlands based Transportation and Logistics solutions provider for a transaction value approximately USD 1.90 M. CargoMate stockholders will receive 87.5% in cash and 12.5% in form of common stock of Four Soft. The transfer of shares has been completed and the company will be renamed as Four Soft B V, a 100% subsidiary of Four Soft. CargoMate has over 14 years of experience and 50 customers in the Freight Forwarding and transportation industry, with a strong presence in the Netherlands

Birla Vxl Limited has informed the Exchange that the Company has divested its entire shareholding of 9310596 Equity Shares of Rs.10/- each (75.32%) held by it in Sidharth Soya Products Ltd., its Subsidiary Company, in favour of Noble Grain (India) Pvt. Ltd. As a consequence, Sidharth Soya Products Ltd. has ceased to be Subsidiary of the Company from October 14, 2004.

Hindalco Industries Ltd. has informed the Exchange that their Company (Hindalco) had made a voluntary offer for the purchase of equity shares of Indian Aluminium Company Limited (Indal) at a price of Rs.120/- per share to the shareholders of Indal in pursuance of a letter of offer dated January 22, 2004, which inter alia provided an exit option to the existing shareholders of Indal during the period commencing from February 16, 2004 up to February 15, 2005 (the Offer). The respective BoDs of Hindalco and Indal have approved the demerger of all the businesses and undertakings of Indal (other th

Monnet Ispat Ltd has informed the Exchange that the Hon'ble High Court of Chhattisgarh at Bilaspur has approved the merger of Monnet Power Ltd with Monnet Ispat Ltd. The merger will be effective from January 01, 2004. As per the approved Scheme of Amalgamation, the shareholders of Monnet Power Ltd will get 1 equity share of Monnet Ispat Ltd for every 10 shares held in Monnet Power Limited.

Nagarjuna Fertiliser & Chemicals Ltd.(NFCL) has informed the Exchange that at the Board Meeting held on October 09, 2004, 1) The BoD's of NFCL and Nagarjuna Palma India Limited (NPIL) have approved the merger of the two companies; 2) The effective date of the Merger is October 01, 2004; 3) The BoD's of the companies approved the exchange ratio of five equity shares of Rs.10/- each fully paid-up held in NPIL for four equity shares of Rs.10/- each fully paid-up to be issued by NFCL on the Record Date to be fixed by the BoD's of NFCL; 4) The above exchange ratio was based on the valuation jointly

Igate Global Solutions Limited has informed the Exchange that in terms of the Order dated September 10, 2004 passed by the Hon'ble High Court of Karnataka sanctioning the scheme of Amalgamation of AquaRegia Technologies Limited with iGATE Global Solutions Limited, which scheme has become effective, AquaRegia Technologies Limited has been merged with iGATE Global Solutions Limited.

Khaitan Electricals Limited has informed the Exchange that the Company's Share Capital is reduced from Rs.970 lacs to Rs.720 lacs after Scheme of Arrangement between Khaitan Electricals Ltd., Khaitan (India) Ltd. and Khaitan Lefin Ltd. w.e.f. January 01, 2004.

Sesa Goa Ltd. has informed the Exchange that at the Court convened meeting of the shareholders of the Company held on October 05, 2004, a resolution was passed unanimously by the members present at the meeting approving and agreeing to the scheme of amalgamation of Sesa Kembla Coke Co. Ltd. with the Company.

DCM Financial Services Limited has informed the Exchange that pursuant to an application filed with the Hon'ble Delhi High Court, under Section 391 (1) to 393 of the Companies Act, 1956, for directions to convene meetings of secured and unsecured creditors and for sanction of the Scheme of Arrangement for re-organisation of the Share Capital of the Company and for compromise with the Secured and Unsecured Creditors, the Hon'ble Delhi High Court has allowed Company's application and has directed the convening of meetings of the secured and unsecured creditors to consider and if thought fit, to

Industrial Development Bank Of India has informed the Exchange of the following : (a) Life Insurance Corporation of India (LIC) has purchased 69,63,800 equity shares of face value of Rs.10/- each of Tamil Nadu Newsprint & Papers Ltd. (TNPL) from Industrial Development Bank of India, at a price of Rs.64.20 per share. The above sale transaction constituted 10% of the paid-up equity capital of TNPL. (b) General Insurance Corporation of India (GIC) has purchased 25,00,000 equity shares of face value of Rs.10/- each of Tamil Nadu Newsprint & Papers Ltd. (TNPL) from Industrial Development Bank of In

Ispat Industries Ltd. has informed the Exchange that the BoD's of the Company at its meeting held on October 01, 2004, considered and approved a Scheme of Reconstruction and Amalgamation under Sections 391 to 394 of the Companies Act 1956. The salient features of the aforesaid Scheme are as under : 1) Implementation of the following provisions of the Corporate Debt Restructuring Scheme approved by the Company's Lenders : (a) Conversion of 40% of existing Equity Capital into 0.01% Cumulative Redeemable Preference Shares (CRPS) of the face value of Rs.10/- each amounting to Rs.277.04 crores. (b)

4) The appointed date for the amalgamation is April 01, 2004. The Scheme is subject to requisite consents(s), approval(s) of the requisite majority of the members and creditors of the Company and Ispat Metallics India Ltd., the Hon'ble High Courts at Kolkata and Mumbai and the permission or approval of the Central Government or any other statutory or regulatory authorities, which by law may be necessary for the implementation of the aforesaid scheme. Further, the Company has informed that consequent upon the aforesaid scheme of Reconstruction and Amalgamation becoming effective, the share capi

The shareholders of Suryalakshmi will participate in the capital of the new Company in a proportion to be determined by independent professional accountants. Subject to all compliances, shares of the new Company, Rajvir Industries Limited will also be listed on the Stock Exchanges. Further information on demerger process including that of ratio of share exchange, etc., will be intimated soon after the same is approved by the BoD's which is likely to be on or before October 31, 2004.

Suryalakshmi Cotton Mills Ltd. has informed the Exchange that in the Board Meeting held on October 01, 2004, the BoD's of the company considered various restructuring options and approved proposal of demerger of its yarn division i.e. the yarn manufacturing unit at Mahabubnagar (including the Dyeing Plant) will stand transferred, w.e.f. September 01, 2004 to a newly incorporated company viz., Rajvir Industries Limited. Suryalakshmi will continue with denim operations including the yarn division at Amanagallu, Mahabubnagar District for its captive needs. The dismantling of the quota regime from

Bpl Limited has informed the Exchange that the Directors of the Company at their meeting held on September 20, 2004 have consented for making an application to the Hon'ble High Court of Kerela, for a Scheme of Arrangement with the existing lenders, pursuant to Section 391 of the Companies Act, 1956.

Mahavir Spinning Mills Ltd has informed the Exchange that pursuant to the request of the Vardhman Spinning and of the secured creditors of the Company, the BoD's in its meeting held on September 28, 2004 has amended the proposed Scheme of Arrangement and Demerger (hereinafter to as 'the Scheme) among Mahavir Spinning Mills Ltd (hereinafter to as 'Mahavir Spinning'), Vardhman Spinning & General Mills Limited (hereinafter referred to as 'Vardhman Spinning'), and their respective shareholders and creditors for the demerger by Vardhman Spinning of the Textile Undertaking (as more particularly desc

Steel Authority Of India Ltd. has informed the Exchange that the BoD's of the company in its meeting held on September 28, 2004 has approved, in principle, the proposal for merger of the Indian Iron & Steel Company Limited (IISCO) with Steel Authority of India Limited (SAIL). The necessary formalities in this regard are being initiated. The Company has also informed that the Board has approved signing of Memorandum of Understanding with Kudremukh Iron Ore Company Limited (KIOCL) for development of Taldih, Barsua & Iron Ore Mines of SAIL. The Board has also approved signing of Memorandum of Und

Godrej Industries Ltd. has informed the Exchange that BoD's of the company has on September 28, 2004 approved sale of 16,50,000 equity shares of Rs.4/- each (6.46%) held in Godrej Sara Lee Limited (GSLL) to Godrej & Boyce Mfg. Co. Ltd. (the holding Company of the company), at an aggregate consideration of Rs.49.50 crore. The consideration has been fixed based on a valuation report from a CA firm. After this divestment, the Company would hold 19.50% of the equity capital of GSLL.

Glaxosmithkline Pharmaceuticals Limited has informed the Exchange that the Hon'ble High Court of Bombay has approved the Scheme of Amalgamation of Burroughs Wellcome (India) Ltd. with the company. The BOD of the company at its meeting held on September 15, 2004 has fixed Record date as October 11, 2004 for the purpose of ascertaining the names of shareholders of Burroughs Wellcome (India), who will be entitled to receive 14 equity shares of face value 10/- per share of Glaxosmithkline Pharmaceuticals Ltd. for every 10 equity shares of face value Rs.10/-each held by them in Burroughs Wellcome (

Infotech Enterprises Ltd has informed the Exchange that Mr. K B Reddy, one of the Promoters of the Company sold 5,000 equity shares in the open market and as on September 21, 2004, Mr. Reddy is holding 334622 equity shares in his name.

Noida Toll Bridge Company Ltd had informed the Exchange that the scheme of arrangement between the company and its secured creditors was approved by the requisite majority at the Meeting held on September 18, 2004.

Lanxess India Private Ltd has informed the Exchange that they have acquired 89,63,564 equity shares of Rs.10/- each in Bayer ABS Ltd (BABS) constituting 50.97% of the paid up share capital of BABS from Bayer Industries Private Ltd through an off market transaction (Spot Trading route) on September 22, 2004 at an opening market price of Rs.95/- per share.

SSI Ltd. has informed the Exchange that the Hon'ble High Court of Judicature at Madras has passed an order for sanctioning the Scheme of Arrangement with modifications for the de-merger of the IT Services business of SSI Limited and merging the same with Scandent Network Private Limited, Bangalore. The said Scheme of Arrangement has also been approved by the Hon'ble High Court of Karnataka at Bangalore.

Visesh Infotecnics Limited has informed the Exchange that the Board of Directors of the company at their meeting held on September 22, 2004 approved a scheme of amalgamation in accordance to sections 391 and 394 of Companies Act, 1956 between the company and MPS Technosoft Ltd. Pursuant to the said scheme, it is desired to amalgamate M/s. MPS Technosoft Ltd. into Visesh Infotecnics Limited and to issue 15 equity shares of Visesh Infotecnics Limited for every 20 equity shares held by the shareholders of MPS Technosoft Ltd. in that company.

Omax Autos Limited has informed the Exchange that the Company's petitions for amalgamation of M/s Indital Tintoria Limited with the Company, under sections 391 & 394 of the Companies Act, 1956 has been approved by the Hon'ble High Court of Punjab & Haryana at Chandigarh vide its order dated August 26, 2004 and the certified copy of the same has been received by the Company on September 21, 2004.

Members of the Exchange are hereby informed that the trading in equity shares of Nath Seeds Limited shall be suspended w.e.f. February 25, 2004 on account of Scheme of Arrangement.

Members of the Exchange are hereby informed that the trading in equity shares of Siltap Chemicals Limited shall be suspended w.e.f. October 01, 2003 on account of scheme of amalgamation of Siltap Chemicals Limited with The Supreme Industries Limited.

Members of the Exchange are hereby informed that the trading in equity shares of Excel Industries Limited shall be suspended w.e.f September 29, 2003 on account of scheme of arrangement for demerger of company's undertaking relating to Agri Business.

TVSELEC Members of the Exchange are hereby informed that the trading in equity shares of TVS Electronics Limited shall be suspended w.e.f September 11, 2003 on account of scheme of amalgamation of TVS Electronics Limited with TVS e Technology Limited.

Members of the Exchange are hereby informed that the trading in equity shares of Floatglass (India) Limited shall be suspended w.e.f September 11, 2003 on account of scheme of amalgamation of Floatglass (India) with Asahi India Glass Limited.

Members of the Exchange are hereby informed that the trading in equity shares of German Remedies Limited shall be suspended w.e.f September 05, 2003 on account of scheme of amalgamation of German Remedies Limited with Cadila Healthcare Limited.

Members of the Exchange are hereby informed that the trading in equity shares of Medicorp Technologies India Limited shall be suspended w.e.f June 18, 2003 on account of scheme of amalgamation of Medicorp Technologies India Limited with Matrix Laboratories Limited.

Members of the Exchange are hereby informed that the trading in equity shares of Parke- Davis India Limited shall be suspended w.e.f March 06, 2003 on account of scheme of amalgamation of Parke- Davis India Limited with Pfizer Limited.